This could even be two years in advance if their goal going in was to rehab, increase NOI, and then sell.  

Long term goal is to buy and hold multi-family.

My goal is to sell my investment home, so I can move into a two unit, apartment, so any advice would be greatly appreciated.Thanks!!!

I am REI newbie trying to gain knowledge and save money in efforts to reach my RE goals house hacking 2 flats.The BP community is very friendly and informative.

I’m really starting from ground zero.From a near-term goals standpoint, I’d like to get a wholesale deal under my belt before the end of 2016.

After all was said and done it showed me walking away with $40,107.50 (my target goal was $40,000 profit).The final numbers were:Purchase $91,500.00Renovations $73,587.97Sold Price $250,000.00After closing costs, give back and all in the profit $67,571.60So the largest area of savings was in regards to AC.

If your goal is to accumulate properties it would probably be better to stick to the 30-year to preserve room in your debt-to-income ratio for future acquisitions.

A conventional loan is just a standard loan like you're getting to purchase the rental.The Executory contract sounds like your best bet based on your goals.  

It's a 16 month program but I'm going to be working long hours on top of that and have a goal of 10k where I want my bank account to be at the end of the 16 months.

My goals in REI are to acquire Buy & Hold properties as well as do some Flip and Fix.